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11 <br /> RES-2022-041 Attachment 4 <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> RESOLUTION <br /> A Resolution Regarding Continued Uses of Revenues from a One-Quarter Cent <br /> (1/4¢) County Sales and Use Tax <br /> WHEREAS, there remain significant pressing infrastructure, economic development, and <br /> school needs; and <br /> WHEREAS, it is important to provide Orange County taxpayers with alternatives to the <br /> property tax to address these needs; and <br /> WHEREAS, the levy of an Article 46 one-quarter cent (1/4¢) County sales and use tax <br /> has provided the County with a revenue source that is now generating over $4,000,000 <br /> annually for the County; and <br /> WHEREAS, it is important for Orange County to continue to invest in future economic <br /> development that will enable the County to recruit, retain, grown, and generate <br /> businesses and jobs that are desirable; and <br /> WHEREAS, it is important for Orange County to meet public school needs; and <br /> WHEREAS, the Board of Commissioners establishes a new ten-year commitment to <br /> allocate Article 46 one-quarter cent (1/4¢) County sales and use tax proceeds as follows: <br /> a. 50% of the funding will continue to be allocated between the County's two school <br /> systems on the basis of average daily membership for the dedicated purpose of <br /> funding capital projects, including but not limited to facility improvements and the <br /> procurement of technology. The Board requests that each school system furnish <br /> the Board of Commissioners with a detailed list of prioritized projects that could be <br /> completed with anticipated funding over the next ten years. The Board will evaluate <br /> the projects and a ten-year plan which will be incorporated into the County's <br /> Capital Investment Plan. As part of the Capital Investment Plan annual review, <br /> progress will be evaluated annually and adjustments made according to needs <br /> agreed upon by the School Boards and Board of County Commissioners. <br /> b. 50% of the funding will be allocated to Economic Development initiatives including <br /> but not limited to: funding utility infrastructure in the Economic Development <br /> Districts needed to recruit and locate new businesses, business financial programs <br /> to promote the recruitment, retention and expansion of new and existing <br /> businesses, innovation centers to provide space for new start-up businesses, <br /> funding support for the County's agriculture businesses, and funding to support <br /> workforce development needs; and <br />